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24. ISU Inc. has issued some preferred stocks with stated value of $100/share and 10%dividend rate. The required rate of return for the preferred stock

image text in transcribed 24. ISU Inc. has issued some preferred stocks with stated value of $100/share and 10%dividend rate. The required rate of return for the preferred stock is 12%. How much you are Willing to pay for the preferred stock? A. $83.33/share.B. $100/share.C. $500/share.D. $120/share.E. $122.23/share.

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